Question

d Recognition nc. performs advertising services for several Fortune 500 companies. The following information describes Carrico's activities during 2019. of 2019, customers owed Carrico $45,800 for advertising services performed during 2018. During 2019, Carrico performed an additional $695, 100 ico collected $708,700 cash from customers during 2019. of 2019, Carrico had $13,350 of supplies on hand for which it owed suppliers $8,150. During 2019, Carrico purchased an additional $14,600 of sup $19,300 cash owed to suppliers for goods previously purchased on credit. Carrico had $2,230 of supplies on hand at the end of 2019. perating including supplies expense) and interest expenses were $437,600 and $133,400, respectively. co's 2019 income before taxes. nding balance of accounts receivable, the supplies used, and the ending balance of accounts payable. Enter all amounts as positive values. accounts receivable -f accounts payable $ Previou

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Answer 1

X fx service revenue service revenue operating expenses interest expenses 2019 income before taxes $ 695,100 $ 437,600 $ 133,400 $ 124,100 beginning balance of accounts receivables services performed on credit cash collections from customers = Lending balance of accounts receivables $ 45,800 $ 695,100 $ 708,700 $ 32,200 beginning balance of supplies ending balance of supplies supplies used $ 13,350 $ 2,230 $ 11,120 beginning balance of accounts payable purchase of supplies on credit cash paid to suppliers ending balance of accounts payable $ 8,150 $ 14,600 $ 19,300 $3,450 2019 income before taxes ending balance of accounts receivables $ 124,100 $ 32,200 $ 11,120 $ 3,450 supplies used ending balance of accounts payable

for formulas and calculations, refer to the image below -

service revenue service revenue operating expenses interest expenses 2019 income before taxes =D8 437600 133400 =D2-D3-D4 beginning balance of accounts receivables 45800 services performed on credit 695100 cash collections from customers 708700 ending balance of accounts receivables =D7+D8-D9 = beginning balance of supplies ending balance of supplies supplies used 13350 2230 =D12-D13 beginning balance of accounts payable purchase of supplies on credit cash paid to suppliers ending balance of accounts payable 8150 14600 19300 =D16+D17-D18 =C5 =C10 =D5 =D10 =D14 =D19 =C14 =C19

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